Staying Informed

How Will Avago (AVGO) Stock Be Helped By Sale of LSI&#39;s Axxia Networking Business to Intel (INTC)?

Thursday, August 14, 2014

NEW YORK (TheStreet) -- Avago Technologies will sell LSI's Axxia Networking Business to Intel for $650 million in cash. The Axxia business mainly includes networking and infrastructure products for wireless networks and enterprise gateways. Avago, which designs and develops analog semiconductors, bought LSI in December last year for $6.6 billion, and has been divesting units as it seeks to ...

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